Medway, MA—02053
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medway, MA
As of Oct '25, the median home price in Medway, MA is $708,000, with a year-over-year change of 1.3%. This indicates that home prices in Medway, MA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $708,000 | 1.3% |
| Single Family | $721,000 | 1.1% |
| Condos | $541,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $496,000 | 2.3% |
3 Bed | $623,000 | 1.6% |
4 Bed | $822,000 | 1.1% |
| 5 Bed | $909,000 | 0.9% |
% of Housing Stock
Rental Trends — Medway, MA
As of July '25, Rentcast reports the average rent in Medway, MA is $2,820, with a year-over-year rent change of -26.8%. Per bedroom, the median rent as of July '25 in Medway, MA is 1-bedrooms: $2,100, 2-bedrooms: $2,710, 3-bedrooms: $3,070, 4-bedrooms: $3,750. The most common rental property sizes in Medway, MA are 2-bedroom and 1-bedroom, accounting for 30.2% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,100 |
| 2 Bed Rent | $2,700 | $2,710 |
| 3 Bed Rent | $2,900 | $3,070 |
| 4 Bed Rent | $3,000 | $3,750 |
% of Rental Stock
Property Listings — Medway, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Medway, MA is 21. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $729,000 | 9.0% |
Listing Count | 21 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 21 | -13.0% |
Demographics — Medway, MA
As of the latest ACS Survey released in 2023, Medway, MA has a population of 13,300, which has remained stable by 0.1% over the past 5 years. Medway, MA is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | 0.1% |
% Under 18 | 23.1% | -6.9% |
% Seniors | 14.6% | 9.8% |
% WFH | 19.0% | 160.3% |
% w/ College Degree | 61.9% | 6.2% |
As of the latest ACS Survey released in 2023, Medway, MA is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Medway, MA is asian, making up 5.4% of the population. Foreign-born residents account for 7.7% of the population in Medway, MA, and this percentage has increased by 18.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.1% | -9.2% |
% Black | 1.3% | -55.2% |
% Hispanic | 4.5% | 275.0% |
% Asian | 5.4% | 80.0% |
% Foreign Born | 7.7% | 18.5% |
Mortgage and Risk — Medway, MA
According to HUD data as of 2023, there were 261 mortgage originations in Medway, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Medway, MA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Medway, MA
As of 2024, the percent of homes in Medway, MA under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Medway, MA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 144 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,000 | $2,140 |
| 2 Bedroom | -$150 | $2,700 | $2,550 |
| 3 Bedroom | $180 | $2,900 | $3,080 |
| 4 Bedroom | $390 | $3,000 | $3,390 |
Affordability — Medway, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $708,000 |
| Median Household Income | $174,000 |